Add to ORKGOne of the main challenges for monetary economics is to explain the use of assets that are dominated in rate-of-return as media of exchange. In this paper, we use experimental methods to study how a fiat money might come to be used in transactions when an identically marketable, dividend-bearing asset, a consol, is also available.EXPERIMENTS ; ECONOMICS ; MONEY
Any money model should address the most important phenomenon of a monetary economy, which is the phe...
The monetary character of trade, use of a common medium of exchange, is shown to be an outcome of an...
A model of fiat money is constructed in which money is used in equilibrium as the universal medium o...
One of the main challenges for monetary economics is to explain the use of assets that are dominated...
One of the main challenges for monetary economics is to explain the use of assets that are dominated...
This dissertation includes three essays using the methodology of experimental economics in order to ...
Trade developed through barter, an institution requiring the double coincidence of wants. Fiat money...
We present a model in which an outside bank and a default penalty support the value of fiat money, a...
This thesis contains three essays that are intended to be independent works. The essays all relate t...
Why people accept intrinsically worthless fiat money in exchange for real goods and services has been...
We present a model in which an outside bank and a default penalty support the value of fiat money, an...
This paper reports on the use of laboratory experimental techniques to create relatively complete ec...
It is folklore among monetary theorists that, under laissez faire, absent ad-hoc assump-tions that f...
This paper reports on the use of laboratory experimental techniques to create relatively complete ec...
This paper reports on the use of laboratory experimental techniques to create relatively complete ec...
Any money model should address the most important phenomenon of a monetary economy, which is the phe...
The monetary character of trade, use of a common medium of exchange, is shown to be an outcome of an...
A model of fiat money is constructed in which money is used in equilibrium as the universal medium o...
One of the main challenges for monetary economics is to explain the use of assets that are dominated...
One of the main challenges for monetary economics is to explain the use of assets that are dominated...
This dissertation includes three essays using the methodology of experimental economics in order to ...
Trade developed through barter, an institution requiring the double coincidence of wants. Fiat money...
We present a model in which an outside bank and a default penalty support the value of fiat money, a...
This thesis contains three essays that are intended to be independent works. The essays all relate t...
Why people accept intrinsically worthless fiat money in exchange for real goods and services has been...
We present a model in which an outside bank and a default penalty support the value of fiat money, an...
This paper reports on the use of laboratory experimental techniques to create relatively complete ec...
It is folklore among monetary theorists that, under laissez faire, absent ad-hoc assump-tions that f...
This paper reports on the use of laboratory experimental techniques to create relatively complete ec...
This paper reports on the use of laboratory experimental techniques to create relatively complete ec...
Any money model should address the most important phenomenon of a monetary economy, which is the phe...
The monetary character of trade, use of a common medium of exchange, is shown to be an outcome of an...
A model of fiat money is constructed in which money is used in equilibrium as the universal medium o...